REAL ESTATE
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Orange County hotels are still having trouble filling their rooms. Occupancy through May of this year was 68.4%, slightly less than last year’s 69.5%.
The Anaheim area--with Disneyland as a magnet for tourists--scored 71.2% occupancy, best of the four areas surveyed by consultant Pannell Kerr Forster. Still, that was down from 72.1% last year, the firm said. It’s not just hotels. Other tourism-related businesses are doing less well this year in Southern California.
South Orange County--not yet overrun by large numbers of hotels--also looked better than average through May at 70.1% occupancy, but that was down from 73.2% last year.
The airport-Newport Beach area was anemic, with a 64.8% rate. North Orange County was also sluggish with a 62.4% rate.
The trend in hotels these days? Pannell Kerr Forster said to look for more all-suite hotels, nationally as well as in Orange County.
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